The following information is available for Blossom Corporation for the year ended December 31, 2022: sales revenue $835,000, other revenues and gains $86,500, operating expenses $102,000, cost of goods sold $470,000, other expenses and losses $31,500, and preferred stock dividends $38,700. The companys tax rate was 20%, and it had 60,000 common shares outstanding during the entire year.

(a)

Prepare a corporate income statement. (List other revenues before other expenses.)

BLOSSOM CORPORATION Income Statement choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022
select an income statement item Other Revenues and GainsOther Expenses and LossesCost of Goods SoldIncome Tax ExpenseDividendsOperating ExpensesGross Profit / (Loss)Net Income / (Loss)Income before Income TaxesTotal ExpensesSales RevenueRetained Earnings, December 31Total RevenuesRetained Earnings, January 1Income from OperationsExpenses		$enter a dollar amount
select an income statement item DividendsOperating ExpensesCost of Goods SoldTotal RevenuesNet Income / (Loss)Gross Profit / (Loss)Other Expenses and LossesExpensesIncome from OperationsRetained Earnings, January 1Retained Earnings, December 31Sales RevenueIncome before Income TaxesTotal ExpensesIncome Tax ExpenseOther Revenues and Gains		enter a dollar amount
select a summarizing line for the first part Income from OperationsNet Income / (Loss)Gross Profit / (Loss)Retained Earnings, December 31DividendsSales RevenueIncome Tax ExpenseTotal RevenuesExpensesRetained Earnings, January 1Income before Income TaxesOther Revenues and GainsTotal ExpensesOperating ExpensesCost of Goods SoldOther Expenses and Losses		enter a total amount for the first part
select an income statement item Other Expenses and LossesRetained Earnings, December 31Total ExpensesIncome before Income TaxesOther Revenues and GainsExpensesIncome Tax ExpenseCost of Goods SoldSales RevenueTotal RevenuesIncome from OperationsRetained Earnings, January 1DividendsGross Profit / (Loss)Net Income / (Loss)Operating Expenses		enter a dollar amount
select a summarizing line for the second part ExpensesDividendsOperating ExpensesSales RevenueGross Profit / (Loss)Retained Earnings, January 1Other Expenses and LossesTotal ExpensesNet Income / (Loss)Income before Income TaxesRetained Earnings, December 31Cost of Goods SoldTotal RevenuesOther Revenues and GainsIncome from OperationsIncome Tax Expense		enter a total amount for the second part
select an income statement item Income before Income TaxesOther Revenues and GainsCost of Goods SoldRetained Earnings, January 1Income Tax ExpenseOperating ExpensesTotal RevenuesDividendsSales RevenueNet Income / (Loss)Retained Earnings, December 31ExpensesOther Expenses and LossesTotal ExpensesGross Profit / (Loss)Income from Operations		enter a dollar amount
select an income statement item DividendsIncome from OperationsRetained Earnings, January 1Income Tax ExpenseExpensesRetained Earnings, December 31Net Income / (Loss)Total ExpensesOperating ExpensesIncome before Income TaxesOther Revenues and GainsCost of Goods SoldTotal RevenuesSales RevenueOther Expenses and LossesGross Profit / (Loss)		enter a dollar amount
select a summarizing line for the third part Income from OperationsOperating ExpensesSales RevenueGross Profit / (Loss)Income Tax ExpenseDividendsCost of Goods SoldIncome before Income TaxesRetained Earnings, December 31Other Expenses and LossesTotal ExpensesTotal RevenuesNet Income / (Loss)Retained Earnings, January 1ExpensesOther Revenues and Gains		enter a total amount for the third part
select an income statement item Retained Earnings, January 1Income Tax ExpenseNet Income / (Loss)DividendsCost of Goods SoldTotal ExpensesOperating ExpensesIncome from OperationsSales RevenueRetained Earnings, December 31Other Expenses and LossesExpensesIncome before Income TaxesTotal RevenuesOther Revenues and GainsGross Profit / (Loss)		enter a dollar amount
select a closing name for this statement Income Tax ExpenseIncome before Income TaxesSales RevenueIncome from OperationsRetained Earnings, December 31Gross Profit / (Loss)Other Expenses and LossesRetained Earnings, January 1Cost of Goods SoldTotal RevenuesOperating ExpensesExpensesDividendsOther Revenues and GainsNet Income / (Loss)Total Expenses		$enter a total net income or loss amount